IDP Education Ltd
ABN 59 117 676 463
Level 8, 535 Bourke Street
Melbourne VIC 3000
Tel 61 3 9612 4400
Fax 61 3 9614 0534
Date: 15th October 2020
Update on Education Australia Shareholding
Education Australia Limited ("EA") has advised IDP Education Limited ("IDP") that it is undertaking a consultation process with its 38 university shareholders which may lead to consideration of options to realise capital for EA shareholders.
The impact of COVID-19 has presented EA shareholders with material financial challenges, and the investment in IDP represents a potential source of capital for a number of the university shareholders.
IDP will continue to keep the market informed in accordance with its continuous disclosure obligations.
IDP EDUCATION LIMITED
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Idp Education Ltd. published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 21:44:01 UTC